Business Qoutations

Frederic Bastiat
 

"That leaves 93 percent of "potential" untapped. Humans only use 10 percent of the brain and 7 percent of company databases, yet we’re always 100 percent sure of everything. That just doesn’t add up."
Christina Bultinck,
Mine Your Own Business, "Executive Update magazine"

In the business world an executive knows something about everything, a technician knows everything about something - and the switchboard operator knows everything.

Harold Coffin,
quoted in "The Peter Pyramid," by Laurence J. Peter

The 80/20 Principle exists in your business, then the most profitable 1/5 of your business is 16 times more profitable than the remaining 4/5.

Lee J. Colan,
Sticking to It

"Today's environment is beginning to threaten today's organizations, finding them seriously deficient in their nervous system design.... The degree of coordination, perception, rational adaptation, etc., which will appear in the next generation of human organizations will drive our present organizational forms, with their clumsy nervous systems, into extinction."

Douglas Engelbart, 1970

The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise.

Milton Friedman


The economic miracle that has been the United States was not produced by socialized enterprises, by government-union-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
 
Milton Friedman

Your most unhappy customers are your greatest source of learning.

Bill Gates

"The people who think that the power of big business is enormous are mistaken…since big business depends entirely on the patronage of those who buy its products: the biggest enterprise loses its power and its influence when it loses its customers."
Ludwig von Mises

The American businessmen, as a class, have demonstrated the greatest productive genius and the most spectacular achievements ever recorded in the economic history of mankind. What reward did they receive from our culture and its intellectuals? The position of a hated, persecuted minority. The position of a scapegoat for the evils of the bureaucrats.

Ayn Rand


The best executive is one who has sense enough to pick good people to do what he wants them to do, and self-restraint enough to keep from meddling with them while they do it.
Theodore Roosevelt

The working of great institutions is mainly the result of a vast mass of routine, petty malice, self interest, carelessness, and sheer mistake. Only a residual fraction is thought.

George Santayana,
The Crime of Galileo

Specifically, I would suggest that the effective organization is garrulous, clumsy, superstitious, hypocritical, monstrous, octopoid, wandering, and grouchy.

Karl Weick

If an organization is narrow in the images that it directs toward its own actions, then when it examines what it has said, it will see only bland displays. This means in turn that the organization won't be able to make much interesting sense of what's going on or of its place in it. That's not a trivial outcome, because the kind of sense that an organization makes of its thoughts and of itself has an effect on its ability to deal with change. An organization that continually sees itself in novel images, images that are permeated with diverse skills and sensitivities, thereby is equipped to deal with altered surroundings when they appear.

Karl Weick

Most men are individuals no longer so far as their business, its activities, or its moralities are concerned. They are not units but fractions.

Woodrow Wilson
 
 
 

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